When Netflix (NASDAQ: NFLX) reported its first-quarter 2022 financial results on April 19, it showed that the business lost 200,000 subscribers in the quarter. To make matters worse, management expects to lose 2 million customers in the current quarter. The pandemic surge that it
Paramount Global on Tuesday said it added over 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weak growth in advertising sales.
After Netflix (NASDAQ: NFLX) reported first-quarter 2022 earnings, the stock got hammered and lost 35% in a single day. This reaction was primarily due to losing 200,000 subscribers in the quarter and guiding for another 2 million to be lost in the second quarter. Without subscri
Netflix (NASDAQ: NFLX) has yet to recover from the shocking drop in subscribers in the first quarter. Not only was its stock crushed, but it also announced layoffs at its Tudum division, which it just launched in December. It also said it would crackdown on password sharing and p
What happened
Shares of Spotify (NYSE: SPOT) collapsed by 32.7% in April, according to S&P Global Market Intelligence. The audio streamer reported better-than-expected earnings for the first quarter, but the stock was dragged down by the general sharp decline among consumer i
When Netflix (NASDAQ: NFLX) reported 2022 first-quarter financial results on April 19, what captured the market's attention was a loss of 200,000 subscribers during the period. Making matters worse was management's expectation of losing another 2 million customers in the current
The market was a pretty ugly place on Friday, but one of the few winners was Roku (NASDAQ: ROKU). Shares of the company behind the original streaming hub traded as much as 11% higher on Friday after posting strong quarterly results. Those upticks were whittled away to a mere 1% g
Stocks rise more often than they fall, but when they fall, they fall fast. This is why you've probably heard the adage "never try to catch a falling knife" bandied about recently on your favorite financial media outlets.
Mixed financial results from U.S. megacap companies are dampening an otherwise better-than-expected first-quarter earnings season and so far failing to fuel stock performance in the face of U.S. Federal Reserve monetary tightening.
After over a decade of limited competition, Netflix (NASDAQ: NFLX) faces stiff resistance from new rivals entering the streaming industry. Several deep-pocketed studios launched their own streaming services during the pandemic -- at what they thought to be excellent timing. The m
Amazon.com (NASDAQ: AMZN) endured a brutal 14% sell-off on Friday after its Thursday night earnings report, and now trades at levels not seen since April of 2020. But in contrast to a name like Netflix (NASDAQ: NFLX), which is now contemplating worrisome changes to its business m
Walt Disney (NYSE: DIS) stock reached a new 52-week low of $112.69 on Thursday -- which is about the price it was three years ago, months before the launch of Disney+. The stock is now down a brutal 43% from its all-time high.
The Nasdaq Composite is officially back in a bear market, which happens when an index is down 20% or more from its all-time high. Meanwhile, the S&P 500 is in correction territory -- which is a drawdown of at least 10% from the all-time high -- while the Dow Jones Industrial
Netflix (NASDAQ: NFLX) was once considered the bellwether of the streaming video market. However, its dismal first-quarter earnings report on April 19 strongly indicated its high-growth days were over.
The Nasdaq 100 index is now down roughly 20% across this year's trading, which means it's officially in bear market territory. With inflation coming in hot, the threat of six more major interest rate hikes this year, and geopolitical risk factors creating additional uncertainty,
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